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Share link:In this post: Tesla’s sales, profits, and stock have dropped, with analysts citing weak demand and rising competition from China. Musk remains optimistic, touting future robotaxi services and Tesla’s AI as superior. Tesla faces growing pressure from rivals like Waymo, which is expanding faster and already generating revenue from autonomous ride services.
Share link:In this post: Trump now holds a golden share in U.S. Steel, giving him direct veto power over company decisions. The Pentagon bought a $400 million stake in MP Materials, marking its first equity move in mining. Trump proposed taking a 50% stake in TikTok and may expand investments in strategic industries.
Share link:In this post: The U.S. has set a 15% minimum tariff on imports, and higher rates will follow if trade deals aren’t made. Companies warn of cost hikes, with some already raising prices or suing. Economists predict rising prices on goods like clothing, electronics, and shoes.
Quick Take This is an excerpt from the 31st edition of The Funding sent to our subscribers on July 27. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
- 13:31Arbitrum multi-signature wallet deposits 13.105 million ARB into an exchangeAccording to Jinse Finance, on-chain analyst Yu Jin has monitored that an Arbitrum multi-signature wallet deposited 13,105,000 ARB (7.91 million USD) to a certain exchange 45 minutes ago. This wallet received 250 million ARB from the Arbitrum DAO treasury wallet 10 months ago and began gradually transferring ARB to the exchange 3 months ago. So far, a total of 38,434,000 ARB (16.68 million USD) has been transferred out, with an average price of 0.43 USD.
- 13:31Ancient Bitcoin whale sells 1,000 BTC and goes long on 96,000 ETHAccording to Jinse Finance, monitored by Lookonchain, an ancient Bitcoin whale sold 1,000 BTC (worth approximately $109.7 million) at an average price of $109,684 about 2 hours ago. Subsequently, the whale opened a 5x leveraged long position of 96,452 ETH (worth approximately $433 million), with a liquidation price of $3,458.8.
- 13:26Analysis: Flow Traders suspected to be a market maker for CROAccording to Jinse Finance, on-chain analyst @ai_9684xtpa has monitored that Flow Traders is suspected to be a market maker for CRO. Over the past four months, a total of 607 million CRO, valued at $60.47 million, has been withdrawn from a certain exchange at an average withdrawal price of $0.0996. Currently, 98.8% of the tokens have been transferred to BitGo-related contract addresses.